Vice President at ‘Top-Tier Bank’ Doesn’t Know How to Get By on a Million a Year

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“Well, first off, half of that million is in deferred stock compensation,” Mike, a vice-president at a top-tier bank, allegedly told hedge-fund manager and scribe James Altucher. “Second, out of the half a million that’s left, count off half to the IRS. That’s $250,000 left.” Then there are all of his living expenses. You know. The basic necessities oflife.

My wife wants to upgrade our Hamptons rental. Throw out another $50,000 for next summer. I have one kid in kindergarten and another in second grade. When you count private-school tuition, ballet and fencing lessons, that’s at least another $60,000 out the window. So now I have$140,000.”

How are they supposed to live onthat?

How are they supposed to live onthat?

And to think Cruel Obama wants to tax him even more, when he’s already sufferingso.